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Benchmark up almost 4% since start of week as sweltering heat hits crop conditions
From wine and fried chicken to balsa wood — niche trades of the year
Poor conditions have severely delayed plantings in US midwest
If harvest proves as bad as late planting data suggest, prices could rise further
Price rally on lower acreage numbers
CBOT corn falls 4% to $3.71 a bushel
Hedge funds move to cover short positions as prices set to continue rising
Price recovers despite a bumper harvest as the stale bulls have already bailed
Lack of quality grain casts doubt on state of country’s reserves